RNS Number:9908J
Swan(John) & Sons PLC
14 December 2007
JOHN SWAN & SONS PLC ("JOHN SWAN" OR THE "COMPANY")
UPDATE ON PLANNING PERMISSIONS
John Swan & Sons PLC - Chesser Avenue, Edinburgh
Further to the announcement by the Company dated 8 November 2006 in connection
with the conditional agreement with Aldi Stores Limited ("Aldi") in respect of
the sale to Aldi of an area of ground of 1.4 acres at Chesser Avenue, Edinburgh,
the Company announces that the planning application submitted by Aldi to
Edinburgh City Council has been refused.
The Board of Directors of the Company is currently considering whether to appeal
the decision and will issue an update in due course.
John Swan & Sons PLC - Application for Planning Permission - Mart at St Boswells
The Board of John Swan & Sons PLC announce that the Scottish Borders Council
Planning Committee has resolved to grant planning permission for the
redevelopment of the existing mart for residential use subject to conditions
which will require negotiation before formal planning permission can be
confirmed.
John Swan Limited - Proposed new mart at St Boswells on land owned by John Swan
& Sons PLC
With regard to the new mart proposals, the Scottish Borders Council Planning
Committee resolved to grant planning permission subject to conditions which will
require negotiation before formal planning permission can be confirmed.
Shareholders are reminded that, as stated in the Chairman's Statement included
in the Annual Report 2007, the new mart will require to be separately funded and
is not linked to the redevelopment of the existing mart site. John Swan & Sons
PLC has already announced that it will assist this project but will not provide
funding.
Enquiries:
John Swan & Sons PLC
Euan Fernie 0131 225 4681
Brewin Dolphin Limited
(Nominated Adviser)
Sandy Fraser 0131 529 0272
This information is provided by RNS
The company news service from the London Stock Exchange
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